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STOCK COMPARISON

TongKun Group Co vs Indo Count Industries: Fair Value & Quality

Both stocks run through our valuation models. Here is how TongKun Group Co (601233) and Indo Count Industries (ICIL) compare, as of Oct 2, 2026.

As of Oct 2, 2026, Fair Value Calculator sees Indo Count Industries as the less overvalued of the two: TongKun Group Co trades at ¥22.73 versus a fair value of ¥14.53 (−36.1%), while Indo Count Industries trades at ₹444 versus ₹302 (−31.8%).
TongKun Group Co
601233.SHG · CNY · Materials
−36.1%
upside to fair value
overvalued
Price¥22.73
Fair Value¥14.53
Quality42/100
Indo Count Industries
ICIL.NSE · INR · Consumer Discretionary
−31.8%
upside to fair value
overvalued
Price₹444
Fair Value₹302
Quality48/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

TongKun Group CoIndo Count Industries
Valuation
10.4×P/E (TTM)68.9×
7.5×Forward P/E (FY2027)n/a
0.53×P/S (TTM)2.12×
1.43×P/B3.73×
6.3×EV/EBITDA23.0×
−36.1%Fair value upside−31.8%
0.5%Dividend yield0.3%
¥0.12Dividend per share₹1.50
Profitability
6.7%Operating margin4.1%
0.29×EBIT margin trend (5Y)0.38×
12.8%Return on equity5.5%
1.9%Return on assets3.3%
Growth
18.6%Revenue growth (YoY)3.4%
14.8%Avg. growth/yr (3Y)14.2%
15.4%Avg. growth/yr (5Y)12.0%
−9.0%Value creation/yr−12.5%
Balance & size
1.5×Interest coverage (EBIT/interest)1.7×
0.45×Debt / equity0.14×
$8BMarket cap$912M
expensiveGrowth qualitymixed
Forward P/E: price divided by the analyst consensus for the first fiscal year that has not started yet. The current year carries special items from quarters already reported.
Valuation multiples (P/E, P/S, P/B, EV/EBITDA) are shown but not scored here: the two companies sit in different sectors, and multiples only compare fairly between similar business models. PEG stays scored, as it relates the P/E to growth.

Indo Count Industries leads: 5 to 6 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

TongKun Group Coof which business quality 40 · market factors 63 Indo Count Industriesof which business quality 51 · market factors 78
ProfitabilityMargins and returns on capital today
29
43
Quality GrowthAre margins and returns improving?
37
15
CashflowEarnings quality: real cash, not paper profit
34
54
Fin. StrengthBalance sheet, leverage, solvency risk
29
55
InvestmentDisciplined investing over empire-building
63
56
Low VolatilityCalm price path (market factor)
31
53
MomentumPrice trend over the last 3–12 months (market factor)
73
85
52W MomentumDistance to the 52-week high (market factor)
82
94
Net IssuanceShare count: buybacks or dilution?
69
82

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyTongKun Group CoPrice ¥22.73Indo Count IndustriesPrice ₹444
DCF Modelsn/a−38.7%below the price₹272
Earnings-Based−37.6%below the price¥14.18−73.7%below the price₹117
Dividend Discountn/a−94.0%below the price₹26.79
Multiples−36.1%below the price¥14.53−68.2%below the price₹141
Asset-Based−52.5%below the price¥10.79−82.0%below the price₹79.68
Growth DCFn/a−30.0%below the price₹311
Economic Profit−58.8%below the price¥9.36−81.5%below the price₹81.97
Growth Earnings−17.3%below the price¥18.80−62.1%below the price₹168
Minimum−58.8%below the price¥9.36−94.0%below the price₹26.79
Maximum−17.3%below the price¥18.80−30.0%below the price₹311
Median−37.6%below the price¥14.18−70.9%below the price₹129
Geometric mean−42.2%below the price¥13.14−73.1%below the price₹119

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

TongKun Group Co: 12 of 14 models see the stock below the current price.

Indo Count Industries: 26 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

TongKun Group Co
Price ¥22.73
Fair Value ¥14.53
Bear ¥11.72Bull ¥18.16
Indo Count Industries
Price ₹444
Fair Value ₹302
Bear ₹212Bull ₹393

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

TongKun Group Co · Materials

Quality score42 · below median
Fair value upside−36.1% · below median

Indo Count Industries · Consumer Discretionary

Quality score48 · below median
Fair value upside−31.8% · below median

Bottom line

As of Oct 2, 2026, Fair Value Calculator sees Indo Count Industries as the less overvalued of the two: TongKun Group Co trades at ¥22.73 versus a fair value of ¥14.53 (−36.1%), while Indo Count Industries trades at ₹444 versus ₹302 (−31.8%).

Indo Count Industries has the higher quality score (48/100).

Open Indo Count Industries live analysis →

More comparisons

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.